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Mahmud Ul Haq Disposes of 11,960 CCLDO Shares; Beneficial Ownership Falls to Zero

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Mahmud Ul Haq, identified as Executive Chairman, Director and a 10% owner of CareCloud, Inc. (CCLD), reported a sale of 11,960 shares of Series B Cumulative Redeemable Perpetual Preferred Stock (CCLDO) on 09/29/2025. The reported weighted-average sale price was $21.08, with transaction prices ranging from $20.91 to $21.23, and the filing states the sale reduced the reporting person’s beneficial ownership of this class to 0 shares. The Form 4 was executed by Norman Roth as attorney-in-fact and discloses the reporting person filed individually.

Positive

  • Timely disclosure of the insider sale with price range and weighted-average price enhances transparency
  • Form filed by one reporting person, with attorney-in-fact signature, indicating procedural compliance

Negative

  • Disposition reduced beneficial ownership of Series B preferred shares to 0, which may be notable given the reporting person is a 10% owner and executive
  • No explanatory context provided for the sale (e.g., reason for sale or related transactions) within the Form 4

Insights

TL;DR: Insider sale by a 10% owner and executive chair reduced holdings to zero; filing provides price range and compliance transparency.

The Form 4 documents a direct disposition of 11,960 Series B preferred shares by Mahmud Ul Haq on 09/29/2025 at a weighted-average price of $21.08, with per-share prices reported between $20.91 and $21.23. As both an executive officer and a 10% owner, the sale is material to ownership disclosure but the filing contains no additional context about the reason for sale, hedging, or related transactions. The attestation by an attorney-in-fact and the explanation of weighted-average pricing indicate adherence to reporting requirements.

TL;DR: Transaction is a straightforward insider disposition; it is a disclosure event rather than an operational or financial update.

The report shows a single non-derivative sale (code S) of 11,960 CCLDO shares, leaving zero beneficial ownership in that class per the filing. The explicit price range and weighted-average price are provided, which aids transparency for holders of CareCloud preferred stock. The filing does not include information on any offsetting purchases or other security classes, and does not address implications for common equity or convertible instruments.

Insider HAQ MAHMUD UL
Role Executive Chairman
Sold 11,960 shs ($252K)
Type Security Shares Price Value
Sale Series B Cum Redeemable Perp Pref Stock [CCLDO] 11,960 $21.08 $252K
Holdings After Transaction: Series B Cum Redeemable Perp Pref Stock [CCLDO] — 0 shares (Direct)
Footnotes (1)
  1. [object Object]
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HAQ MAHMUD UL

(Last) (First) (Middle)
7 CLYDE ROAD

(Street)
SOMERSET NJ 08873

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CareCloud, Inc. [ CCLD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Executive Chairman
3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Series B Cum Redeemable Perp Pref Stock [CCLDO] 09/29/2025 S 11,960 D $21.08(1) 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $20.91 to $21.23, inclusive. The reporting person undertakes to provide to any security holder of CareCloud, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
/s/ Norman Roth, Attorney-in-Fact for Mahmud Ul Haq 09/29/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Mahmud Ul Haq disclose on the Form 4 for CCLD?

The filing reports a sale of 11,960 shares of Series B preferred stock (CCLDO) on 09/29/2025 at a weighted-average price of $21.08, reducing holdings to 0.

What price range did the Form 4 report for the CCLDO sale?

The filing states transactions occurred at prices ranging from $20.91 to $21.23, with a weighted-average of $21.08.

What is Mahmud Ul Haq's relationship to CareCloud (CCLD)?

The Form 4 identifies Mahmud Ul Haq as Executive Chairman, a Director, and a 10% owner of CareCloud, Inc.

Did the Form 4 indicate any derivative transactions or retained holdings?

No. Table II shows no derivative securities reported, and Table I indicates the reported sale left 0 shares beneficially owned in the Series B preferred class.

Who signed the Form 4 and when?

The Form 4 was signed by Norman Roth, Attorney-in-Fact for Mahmud Ul Haq on 09/29/2025.